Jun, 30, 2023 — F R B FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 3 branch locations and about $128.30 million in total assets. Opened 88 years ago in 1935, F R B FEDERAL CREDIT UNION has about 5,448 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | F R B FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | Board of Governors of the Federal Reserve System WASHINGTON, DC 20006 |
| Phone: | (202) 452-2800 |
| Fax: | (202) 833-2142 |
| Website: | https://frbfcu.org |
| Branches: | 3 branch locations |
| Members: | 5,448 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 320 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $128,304,775 |
| CEO/Manager: | Theresa A Trimble |
| Chairperson: | KEN FRANKLIN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,775,728 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 78,712,216 |
| Unsecured Loans | 6,249,371 |
| Other Loans | 8,251,366 |
| TOTAL LOANS | 93,212,953 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -372,818 |
| Land And Building | 0 |
| Other Fixed Assets | 211,487 |
| NCUSIF Deposit | 943,487 |
| All Other Assets | 85,989 |
| TOTAL ASSETS | 128,304,775 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 153,395 |
| Notes & Interest Payable | 12,000,000 |
| Accounts Payable & Other Liabilities | 1,037,030 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,700,962 |
| Regular shares | 30,924,662 |
| All Other Shares & Deposits | 40,538,148 |
| TOTAL SHARES & DEPOSITS | 106,163,772 |
| TOTAL LIABILITIES | 119,354,197 |
| Regular Reserve | 0 |
| Other Reserves | -1,393,231 |
| Undivided Earnings | 10,343,809 |
| TOTAL EQUITY | 8,950,578 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 128,304,775 |
| INCOME & EXPENSE | |
| Loan Income | 2,520,900 |
| Investment Income | 225,382 |
| Other Income | 71,731 |
| Total Employee Compensation & Benefits | 1,257,344 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,315,501 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,000 |
| Cost of Funds | 259,956 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 263,486 |
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